Japanese investors seen seeking haven in Swiss gold - BBG

Bloomberg carrying a story on the increased demand for Swiss gold in Japan as the Japanese investors remain wary over the negative interest rates policy and its impact on the Japanese economic prospects.

According to BullionVault Ltd., an online trading and storage company, “Japanese investors are buying gold to store in Switzerland because of negative interest rates and fears the yen will depreciate as the government grapples with the heaviest public debt burden in the developed world.”

Meanwhile, Atsuko Sato Whitehouse head of Japanese markets at the London-based investment service said, “The number of buyers jumped 62 percent in the first six months from the second half of 2015.”

Global investors have piled into gold in 2016 as market turbulence and low or negative interest rates increase the appeal of bullion.